Iron ore futures close higher

DALIAN - Iron ore futures closed higher on Tuesday in daytime trading at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for January 2021 delivery gained 29 yuan ($4.2) to close at 863 yuan per ton.

On Tuesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 942,414 lots, with a turnover of 80.79 billion yuan.

As the world's largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.